Tom Lee and Arthur Hayes are sticking to their prediction that Ethereum will rise to $10,000 by the end of the year

On October 15th, as per Cointelegraph, even though there has been a recent downturn in the cryptocurrency market and there are less than three months remaining until the end of the year, Tom Lee, the chairman of BitMine, and Arthur Hayes, the co-founder of BitMEX, are still adhering to their prediction that the price of Ethereum (ETH) will reach $10,000 this year. Tom Lee stated in an interview with the Bankless podcast on Tuesday: "For Ethereum, the year-end price will be between $10,000 and $12,000." In the same podcast episode, Arthur Hayes said he would "remain steadfast" and maintain his year-end $10,000 prediction. The current Ethereum price is approximately $4,129. If it were to rise to $10,000, it would imply an increase of around 142%. Both Tom Lee and Arthur Hayes believe that this target is still attainable within the remaining time of this year and can even be regarded as a conservative estimation.